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CNBC
Sep 28, 2012 3:00pm EDT
of the top defense analysts gives you his list of losers and winners next. >>> attention amazon shoppers, the online retail giant has its sights set on selling wine. >>> and oops, tim cook apologizes for apple's half-baked map app. is this his first big mistake of the ceo? we'll get to the core of the matter. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwa start trading today with for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pa
CSPAN
Sep 27, 2012 5:00pm EDT
the debate, your reaction. follow our live coverage on c- span, c-span radio, and c- span.org. >> defense secretary leon panetta today said it was obvious the killing of four americans at a u.s. consulate in libya was a terrorist attack. he also said more attacks on american soldiers by afghan soldiers are likely. the remarks came this afternoon with the chairman of the joint chiefs of staff. >> since the general dempsey just returned from the war front, we thought it would be worth making some comments on afghanistan -- since the general did see just returned from the war front -- since general dempsey just returned from the war front. i will invite general dempsey to share his comments as well. last week, we completed the drawdown of 33,000 surge forces that the president ordered to afghanistan in december 2009. as i said in announcing this milestone last week, it is clear that the surge allowed us to turn a very important corner in 2011. it accomplished the primary objectives of reversing the taliban's momentum on the battlefield and dramatically increased the size and capability of th
CSPAN
Sep 27, 2012 7:00am EDT
discuss defense contractors. a look at the urging of politics, and a george mason university professor on the sake of the u.s. housing market. host: several stores focusing on the battleground state of ohio. president obama with a five piont lead. president clinton hinting an arm of al qaeda was behind the attacks. a wall street journal stories says companies are changing how health care will be a provided to their employees. they will give their workers a fixed amount of money and allow them to choose their own medical company. consumer spending saw the largest rise in 2011 suggesting customers are spending more at restaurants, clothing, and for health care. we will look at what the labor department found out. but we want to talk to you about your spending habits as they stand today. are you spending more, and if you are tell us why. if you want to reach out to us on social media, @cspanwj for twitter. you can always send us an e- mail. here is a story yesterday and "the wall street journal." the labor department said all areas rose last year. we will see a little bit more o
CSPAN
Oct 1, 2012 5:00pm EDT
is a tradition involved in the defense supply chain and how it matters this symposium seemed appropriate and timely and one of the missions as he mentioned that the potomac institute is to elevate the policy discussions on the matter is of critical when portents to the nation. from not going to speak today to defy dewitt will only be to fill in for the deputy assistant secretary of, and security who unfortunately had to cancel at the last minute. i did have a short article you'll see on the front table and it's also on the web site, but the supply chain threat is as much a matter of national security as it is cybersecurity it's part and parcel and in some ways it is as difficult if not more difficult is ongoing in washington to address this nation needs a couple some discussion of how to approach this matter with the real concerns are even before we get to what the answers are it must be recognized as a threat. it must be recognized the status quo is not acceptable and it's not even possible. it's not going to remain the same one we were a mother and we must recognize the government inte
CSPAN
Sep 28, 2012 9:00am EDT
dimensions of cyber innovation both on the threat side and the defensive side. we are also joined by paul nguyen. he looks nice and all this but he's one of these guys that if you dig deep into his past he's a cool hacker. [laughter] he has a hacking pass and he put that past to good use. so we have to who really understand what the cutting edge of what's going on. let me open up, would you think about innovation, i am not an x. or industries by two very much realize, it has been discussed in this morning and perhaps a clichÉ of the young man in the philippines years ago who hatched the love bug virus. it just seems to me that we have evolved so much of far beyond us you've got stuxnet, major innovation. you still have the paul nguyen after just having fun and hacking into systems. but i would love to get a quick snapshot of how you both see this date like them both in the court world at the national security world of what you think the biggest headlines are. as you do what i want to throw one buys out and get, particularly catherine state, i would've these in glossy magazines called sov
CSPAN
Sep 27, 2012 12:00pm EDT
is -- who answer the answer and where do we find it? but i see things -- i've been with the defense department for 35 years. everything is sigh saturday silent. i'm hoping you will do something about that in the educational system. starting with -- [inaudible] >> yeah. a lot there. both -- a couple of things. ultimately the question is what do we value? what skills are we trying to teach? .. >> it is clearly not the norm. it is clearly more the exception. i always get asked, what's the appropriate federal role. i think about that every day, what's our role, the state role, the local role. one of the best uses of time and resources, i think, is for us to shine a spotlight on best practices to help with more resources, with more flexibility, whatever it might be. so wherever we're seeing those skill sets being taught, shining a spotlight, convening groups of teachers and principals to talk about those things, we think, are really, really important. so we can help to try and build that culture. long way to go. the other thing that's emerging that i'm really interested in that's related
CNBC
Sep 28, 2012 6:00pm EDT
last october. mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not one of those big old cold war programs that they have. i don't know if we should even be that worried. among the other things the company makes is highly secure communication systems, energy annal just, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fisc
FOX News
Oct 1, 2012 4:00pm EDT
defense for drunk driving. so it goes. that is it forst unstub this -- that is it for "studio b." i am not sure what caused the last downturn with the dow but calf can will know. see you back here for the fox reason at 7:00 eastern. >>neil: thank you. welcome to october. the chinese have hacked their way all the way to the white house. welcome, everyone. i am neil cavuto. heal ween could be 30 days away, but this is scary today. chinese hackers breaching a white house computer. no harm done the white house says. no classified information compromised. however, we will have more on this from the white house but the very fact the chinese hackers got as far as they did has security experts worried. very worried. for two years, it has been an on secret that china has has been phishing u.s. corporate secrets. this takes it to a whole new level. an expert on all these china says this doesn't only prove how brazen the chinese are, but how unprepared we are. good to see you. hacking a computer isn't rocket science. getting to the level of the white house is noteworthy. >>guest: will, they we
ABC
Sep 26, 2012 11:00pm EDT
home run late in the game. blue jays lose, 12-2. despite all their defensive woes, the redskins have the highest scoring offense in the nfl. a big coat -- a big part of this excess is rg3. as well as the running back. he rushed for 96 yards. average, 78. he is ready for the competition. >> a lot of people scare people away. we have a tough defense. solid defense. i love a challenge. we will see what happens. >> speaking of running backs, the redskins replaced a player with an injury. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washingngton is important to us, and we're proud to work wik all those who are making our commuties stronger. >> coming up tomorrow night at 11:00, i talk with the new abc s
CSPAN
Sep 24, 2012 8:00pm EDT
in northern virginia, technology and defense jobs, and using them as pawns to a demand higher taxes or a budget deal. now, these are tough times, but out of adversity, we can create a more confident, caring, and prosperous america, and that is a positive agenda i will forward to discussing today, and the ida is what is best for the virginia businesses. >> governors, thanks to both of you. this is a high-profile senate race for the nation, certainly very important for the commonwealth, and it is also occurring in the shadow of the presidential debate, so i want to ask you about 47% we heard about this week. governor romney in summer marks at a fundraiser taped earlier this year talked about how there is some 47% of the people that do not pay federal income tax. he said that he believes they are -- that they feel they are victims, that the government needs to take care of them, and that they are entitled to housing, you name it. part of that 47 percent said. what would you do about that? do you think that should change? and what do you think, generally, about too many virginians, too
PBS
Sep 25, 2012 7:00pm PDT
and they both failed to agree on a schedule for resuming talks on fishing rights. japan's defense minister has played host to his counterpart from australia even as he deals with the crisis in the east china sea. morimoto and steven smith agreed on the need to tight maritime security and cooperate with their u.s. allies. >> we were able to come up with a constructive aim in building up japan, australia relations toward defense cooperation. >> morimoto said japanese authorities have been struggling to respond to chinese and taiwanese vessels approaching the territory. he said he and his colleagues are seeking twice maintain stable ties. smith said australian officials hope for a peaceful and legal solution. >> australia's contribution in this area is to make the following points, which is we don't take sides in these disputes but absolutely essential that these matters resolved am mick cabbly, in accordance with international law and the law of the sea. >> smith promised australian diplomats would urge china to be a positive constructive member of the international community. >>> china brought
NBC
Sep 30, 2012 2:30am EDT
. it is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we will see more unemployment. the defense companies will have to notify workers in the next couple of weeks. how important is this? >> it is a temporary drag in the economy. i honestly think of all of the things that will not happen is the chance of getting both rounds of spending cuts, including the massive defense cuts is slight. i think it will be rectified the next few months but it is terrible we have to put the businesses through this until we get to the other side. >> what about housing? it seems to be recovering but still murky. how strong is it, and is it important for the overall economy? >> nothing could be more important than the improvement in home prices. we are getting good signals on home prices. when you get higher home prices of course that pushes up output because builders build more. and pushes up confidence. i think that is important. it causes a wea
CNBC
Sep 26, 2012 4:00pm EDT
points. first of all, defense will and can make a contribution to deficit reduction. secondly, this is not the way. the sequester is the worst way to go about reducing defense spending. thirdly, the right way to do it is to go after taxes, raise tax revenue and cut the entitlement programs, which are driving long-term spending growth and debt creation in this country. it's not defense, which is on a relatively stable downward path. so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a
CNN
Sep 28, 2012 11:00am EDT
williams could have done that. the defense is saying no way, this is what happened here. you had evidence back then in 1984 that amos norwood had a sexual relationship. >> the victim. >> the victim, with terrance williams and not only that, you also had evidence back in 1984 that amos norwood, the victim in the case, had been abusing other boys as well, and you didn't turn that over to the defense. well, the judge listened to both sides and said to the defense you're right, this evidence should have been turned over to the defense back in 1984. the jurors should have had an opportunity to hear that when they were making their decision. jurors didn't have an opportunity to hear that and, ashley, you know this. i interviewed one of the jurors from 1984 just last week. they said had i known then what i know now, i would not have voted for the death penalty. >> not just that juror. already other jurors and actually isn't it the widow of amos as well has come out saying i am not so sure i am comfortable with this death penalty? do i have my wires crossed? >> the widow came out and said that sh
FOX Business
Sep 27, 2012 3:00pm EDT
national laboratories have produced incredible new technologies in defense and non-defense. you have a mature technology and you say they deserve a million dollars, that is not the role of government in my view providing tax breaks and incentives but to give them money, that is not the right answer. liz: the administration on both sides of the aisle have gone heavy into every mature industry year after year after year. at some point should we be in an effort to bring down the national debt looking at those? >> of it were up to me, i would get rid of them tomorrow. the one i disliked the most was ethanol. so yes, i think the oil industry, gasoline industry is doing pretty well. so i wouldn't subsidize it. liz: at all? >> no, of course not. why should we? are they hurting? liz: not at all. >> overtime if they do it right it can make energy oil independent. liz: an annual low rate from the previous 1.7%. from your perspective, what do we need to do to figure out this problem of growth? >> first of all, why is it they always have to revise lower? we need to, in my view, the burden the sm
FOX News
Oct 1, 2012 1:00pm PDT
telling the defense contractors to hold off on the pink slip warnings and any legal costs they incur will be covered. today we are learning that lockheed and another against firm are listening. now, what is the heck is going on? these are part of the planned sequestration defense-related cuts in the works and they will happen. by obligation, you have to remind the employees affected that they will be affected. now, you don't have to. >>guest: the law says you must give two months notice. that would be the friday before election day. the administration doesn't want the lay off notices so earlier this year, this summer, they said the defense contractors, lockheed market, you don't need to send the notices and look heed said i am not seeing a lost specifics as far as preventing us from going forward with not doing it so on friday the administration offered to pick up the liability because this is the law as well as the costs of limiting the guys go if the layoffs happen. this is a lost deal making, a lot of politics in this situation because the defense contractors big in virginia which
CSPAN
Oct 1, 2012 11:00pm EDT
interested in foreign policy and even issues like the defense budget? and that's why issues like that and the onces we don't know about that make me wary of all these straight line projections we're make in the future based on what things look like right now. >> anyone want to address the point? >> which point? >> the point about . >> pick on any of the points. i meant the point about iran and the likely hood we would enter in to military action there regardless of who wins. [inaudible] >> question from the audience? >> yes, sir. front row. >> microphone approaching you from the left. governor romney said he wants to create 12 million jobs during his term, that's 250,000 jobs a month. in the past, the u.s. has always been an exporter. and that was what created jobs. how do you see his promise of creating 12 million jobs in four years? >> unlikely. [laughter] >> okay. that's one view. anybody want to elaborate on that? >> look, i think we are in a completely different, you know, job market. we're about -- a few weeks during the convention which is bill clinton lineback in 1990 if
CSPAN
Sep 29, 2012 8:30pm EDT
an increase in the defense budget. but back then we had planes that couldn't fly for lack of spare parts or pilots. we had navy vessels that couldn't leave harbor because of lack of crew or, again, lack of spare parts. today we're well on our way to a 600-ship navy. we have 543 at present. we have -- our military, the morale is high. i think the people should understand that two-thirds of the defense budget pays for pay and salary, or pay and pension. and then you add to that food and wardrobe, and all the other things, and you only have a small portion going for weapons. but i am determined that if ever our men are called on, they should have the best that we can provide in the manner of tools and weapons. there has been reference to expensive spare parts, hammers costing $500. well, we are the ones who found those. i think we've given the american people back their spirit. i think there's an optimism in the land and a patriotism, and i think that we're in a position once again to heed the words of thomas paine, who said, "we have it in our power to begin the world over again.'' >> than
WHUT
Sep 25, 2012 7:30am EDT
to allow a japanese vessel to enter one of its ports. the japan maritime self defense forces destroyer is scheduled to take part in a joint drill. the united states, south korea, australia and japan will take part. japanese government officials called on south korea to review its decision. officials note ves vessels belog to other participants will enter the port. south korea repeated its refusal. the u.s.-led exercise is held every year and aim is to stop trafficking in weapons. south korea's refusal may receive fle reflect anti-japan sentiment could increase. strained by the country's repeated claims to the islands. >>> the international envoy for syria is crafting a new plan to bring peace to the country. brahimi briefed the security council about the situation. brahimi took over as enjoy from former u.n. secretary general kofi annan. he met earlier this month with syrian president bashar al assad and members of opposition groups. brahimi told members after meeting with the security council that there's no prospect of a quick end to the violence but has a few ideas about how to brin
CNN
Sep 27, 2012 12:00pm PDT
truth! now getting new information just in to us from the department of defense with regard to that attack on the u.s. consulate in benghazi in libya a little over two weeks ago in which four americans were killed including the u.s. ambassador to libya. barbara starr at the pentagon just popped out of the briefing with the defense secretary and the fact that this attack was planned. >> reporter: absolutely, brooke. new information now senior administration officials were telling me earlier in the day that they began to gather of the attack indicating that this was potentially al qaeda related or al qaeda groups. but now defense secretary leon panetta has gone further in this briefing, just concluded here at the pentagon, with very definitive word about his assessment of what happened. i want you to listen. >> as we determined the details of what took place there and how that attack took place that it became clear that there were terrorists who had planned that attack and that's when i came to that conclusion as again, as to who was involved, what specif
CSPAN
Sep 29, 2012 8:00am EDT
. and the implications for missile defense. and then from then i will move on to conclude. in the case of iran, which i think we can say this every now again in the nose, and i saw just yesterday a story about will israel deliver an october surprise. the fundamental problem here is, is the possibility of a cuban missile crisis in the middle east. and to understand this, we briefly go back to what nikita khrushchev had in mind. khrushchev, in 1961, met in june with president kennedy, the enemy. and he pushed kennedy a round. kennedy himself said later he really beat me up. he decided that kennedy was not up to it, and kennedy said what about the possibility of -- i'm paraphrasing not having a transcript in front of me -- what about the possibility of miscalculation? you have to be careful. and khrushchev sent miscalculation, miscalculation. i don't want to hear this word of miscalculation. i'm tired of hearing it. so in 1961, khrushchev decided partly, many because of the summit, that he could pushed kennedy a little further. so what he did was, working with the east german leader, they begin the berlin
ABC
Sep 24, 2012 11:00pm EDT
slam, the blue jays' win 9-5. the redskins' defense is in some disarray after losing starters to injuries. interesting turn of events considering the past two years of the shanahan area is large what kept them in the game. it was a backbone to lean on not so much this time around. >> we argue amongst each other. 14 points, 10 points, 21 points was a great day. the defense totally went out there and drop the ball. >> they are sticking with michael vick as their quarterback and will evaluate as they go. we would like to hear that. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washington is important to us, and we're proud to work with all those who are making our communities stronger. >> thursda
CSPAN
Sep 28, 2012 8:00pm EDT
programs for defense companies, transportation companies. they get federal dollars so they can do these programs. these programs go away january 1st pairs of these companies including defense, health care, transport will have to notify employees by november, the end of october to notify employees their jobs are cut. so in addition to the largest tax increase were going to see since world war ii, were also going to see a host of layoffs at year-end, all as a result of ignoring the fiscal class, which is why there is so much talk about it. so you know, i do think we are walking on shaky ground and unfortunately the president has been unable to provide the leadership required to get these two groups together, the right and the left. you know, part of the job of the commander-in-chief has to be to compromise and bring these two groups together. for congress to say we're going on vacation for five weeks and then come back and say we go away again until after the election, with nothing done about the fiscal class is truly irresponsible. and the fact that the leadership -- there is no le
CSPAN
Sep 30, 2012 3:15am EDT
and going to be deployed. i have cut defense spending, and the n we could do that is because of our fasuccs in wicold war. we nwould have got there if we had gone for the nuclear freeze crowd, never would have got there if we listened do those who wanted to cut defense spending. i think it is important that the united states stay in europe, and guarantee the peace. we simply cannot pull back. now, when anybody has a spending program they want to spend money on at home, they say let's cut money t departme i will accept and have accepted the remmendations of two oven leaders, general colin powell, and secretary dick cheney. they feel that the lels we're operating at and the reductions that i propose are proper, and so i simply do not think we should go back to the isdays and start blaming foreigners. are the sole remaining superpower, and we should be that, and we have a certain disproportionate responsibility, but i would ask the american people to understand that if we make imprudent cuts, if we go too far, we risk the peace. and i don't want to do that. i have seen what it is like to see
CSPAN
Sep 26, 2012 7:30am EDT
here in northern virginia. virginia technology and defense jobs, and using them as pawns demand higher taxes, higher taxes for a budge deal. now, these are tough times, but out of this adversity, we can create a more confident, caring and prosperous america, and that's the positive agenda i look forward to discussing today, and the test is which approach is best for job creating virginia businesses. >> moderator: governors, thanks to both of you. i want to begin by talking about the role of government in virginia and the country. this is a high-profile senate race for the nation, certainly very important further commonwealth, and it's also occurring in the shadow of the presidential debate. i'd like to ask you about the 47% that we heard about this week. governor romney, in some remarks that were taped at a fundraiser earlier this year, talked about how there's 47% of the country that does not pay federal income tax. he said that they believe they are victims who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to hous
CSPAN
Sep 30, 2012 10:30am EDT
is the technology. i am curious to your view of the effects of missile defenses with to have a lot of different arms control. >> it is good to see you. a picture of arms control over the next few years, from the perspective of president obama, and he has made no secret of the fact of his initiative that he is eager to pursue step-by-step in reductions of nuclear weapons. that is one priority goal for this administration. it is a preamble to the start treaty. it is a goal they have both articulated. i think we will be looking for ways to accomplish those for the reductions. it laid out three goals for the next round of negotiations. he said we want to seek reductions in non-strategic nuclear weapons, non-deployed nuclear-weapons, and for the reductions and deploy nuclear weapons. to those three categories are new to the arms reduction process. we've always gone after weapons that are deployed on their delivery vehicle. this is what we have always counted and reduced. this is what you can see even from overhead satellites. it is important to recognize the next age of arms control but president obama h
FOX News
Oct 2, 2012 5:00pm PDT
gets defensive, that's when he makes mistakes. the $10,000 bet came when governor romney was being defensive about his health care policy and there have been other instances where other debaters have been able to get him on the defense and when that happens, he tends to look bad. >> bill: all right. you know that president obama is going to try to do that. he's going to question his health care criticism, his flip flops on various issues. he's going to press him from very specifics on your tax program and what you're going to phase out as far as deductions are concerned, all of that. is the governor going to be able to parry, can he parry? can he think fast enough on his feet to block inevitably what's going to come his way? >> he absolutely can. if you remember the debates with newt gingrich, speaker gingrich was challenging him on his immigration policy. he was really going after him about deporting grandmothers and he thought on his feet and came back with a great response. we can't deport 11 million grandmothers. there aren't 11 million grandmothers that we're deporting. so he
PBS
Sep 29, 2012 12:00am PDT
and crony in damascus. >> sreenivasan: in washington, defense secretary leon panetta confirmed the u.s. has intelligence that shows the syrian regime has moved some of its chemical weapons to better secure them. he also said the major stockpiles at main sites are believed to be secure. in august, president obama threatened u.s. action if syria moves or uses its chemical weapons. meanwhile, in syria, the battle for control of the northern city of aleppo intensified as rebels made their broadest push yet to drive assad's forces out. heavy clashes were reported with government troops firing tank and mortar shells, while rebels fought back with heavy machine guns, mortars and rocket- propelled grenades. it was the heaviest fighting the city has seen in two months. in iraq, some 80 inmates, including al qaeda militants, escaped from a prison. the jailbreak happened overnight in tikrit after several convicts seized weapons from a prison storeroom. they clashed with security guards for hours before overpowering them and breaking free. a dozen people were killed, including ten guards. iraqi officia
CNN
Sep 27, 2012 9:00am PDT
military state. no surprise mitt romney would come to this crowd of veterans here to talk about defense issues. he talked a whole lot about president obama and the deal that was made with congress for sequestration cuts that would impact the defense department greatly. mitt romney said, if he were elected president, he would reverse those cuts. at a certain point during this speech, he talked about how he would actually add personnel to the united states military, not cut personnel. of course, that's going to raise the question where did that money come from? the romney campaign says all that is paid for. but you also heard mitt romney talk about the gd pfrnlts report that came out today that showed in the second quarter of this year, the nation's gdp was revised downward from 1.7% to 1.3%. mitt romney tried to link that issue to national defense. at one point saying in the his remarks here that china's economy is growing faster than the united states. russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tail
CSPAN
Oct 2, 2012 10:00am EDT
or the national security. 90% of jobs in virginia, from the defense industry -- 19% of jobs in virginia. we have put forward solutions that did not aggravate a bad economy. we do not want to raise taxes. >> if there is a split decision, each party will have to compromise to avoid taking the country over the cliff. what compromises the believe your own party will have to make to walk the country back from the precipice? >> we have to get control over spending. we have to keep certain financial commitments -- social security, medicare, medicaid. the defense budget is bloated. we have a bigger defense budget than other countries. people against our national security interests are called terrorists. those are the people i was pursuing when i was mobilized after 9/11. that doesn't mean we need to lose those jobs. first he supported a sequester and then he didn't. it is to blame game. what need to do is take a scalpel and look at the outsourcing of our defense. we need to make sure we're not sending things to halliburton and places like that. the defense department should be able to support itself. th
CNBC
Oct 1, 2012 4:00pm EDT
-hanging fruit that is defense cuts as well as the entitlements. medicare, medicaid, and social security. where do you see opportunity for cuts? >> we see opportunity across the budget. in agriculture, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program w
MSNBC
Sep 28, 2012 5:00pm PDT
into effect. i mean, every step of the way romney has been on the defensive. >> you and have i talked about this before. he lost the summer, he lost the conventions, he lost the month of september and he can't afford to lose the debates. the obama people were very smart, went out there right away with the bain ads. he defined romney. he had no defense. his only defense was i made free enterprise. he suddenly became the opposite of what ronald reagan was to those reagan democrats. rightly or wrongly those reagan democrats thought romney had understood them, had come from a family a lot like theirs and cared about them. it's okay to be rich. it's not okay to be the candidate of the rich, for the rich, by the rim. >> there are big moments in everybody's campaign. and romney's 47% remark may be his. and todd akin is at the center. ♪ [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. his morning starts with arthritis pain. and two pills. afternoon's overhaul starts with more pain. more pills. triple
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